Long time lurker of this forum, first time posting. I wish I had found this forum long ago, better late than never I suppose. I've been slowly working on repairing my credit report and have been learning what best ways to go about doing so from reading what others have been posting on here. Last week I applied for a cashReward NFCU credit card and was approved for $3000 (largest cc line of credit to date), today while reading about their NavCheck I decided to call NFCU and inquire about. I went ahead and pulled the trigger and had them run my report to see if I would qualify...they asked how much I would like to apply for ($500-$15,000)...I just took a stab in the dark and said $5000...well guess what...they approved me...probably should have asked for more...lol. My current fico scores are as follow: EQ 631, TU 645, EX 664 Fico 8 (I have an unhealthy amount of inquires...average of about 15 on each, 3 old accounts that had gone to collection that have been paid off long ago...amounts were between $110-$300, a few old late payments). I've been approved for $100K home loan (income is $74K)...but it's not enough, looking for at least 150-175K so not looking at applying for any new credit for a good while now..just "garden" as y'all say around here and concentrate on paying off some loans/debts and aim at around the low 700s in the short term.
Applied for PenFed last week and was denied 
NFCU NavCheck $5000 Mar 2018
NFCU cashRewards $3000 Mar 2018
NFCU car loan for $2800 Dec 2017
American Express Blue Cash Preferred $1000 Dec 2017
Discover it Cash Reward $2000 Dec 2017
Credit One $1200
Merrick Bank CC $1100
Capital One Platinum $1000 (combined CO QS with the platinum to have just one card)
LendUp Arrow $500
Babcock Furniture $5000
Care Credit $6000
Military Star $3000
Kay/ Jared's $1500
Gettington $900
Fingerhut $800
VS $600
Buckle $350
Boot Barn $400
Excited to keep learning more the longer I spend on this forum.
Congrats on the approvals!
Have you tried a mortgage broker to find a VA loan? I was getting limits around 100k but a broker was able to approve me up to 250k with less income and a good amount of monthly obligations, but this was a few years ago.
Have you tried a mortgage broker to find a VA loan? I was getting limits around 100k but a broker was able to approve me up to 250k with less income and a good amount of monthly obligations, but this was a few years ago.
Super grats
@Anonymouswrote:Mortgage broker? I had gone through a regular mortgage loan officer. How's a mortgage broker work?
I believe those two terms are interchangeable. But having a 74k income and only approved for a 100k mortgage just isn't right. I was making half of that and was approved for 155k. Is your DTI ratio very high? You should be approved for at least 200k with your income.
NFCU GoRewards Sig ($40,000), NFCU Cash Rewards ($33,000), PenFed Power Cash ($25,000), FNBO Evergreen Visa ($20,000), Bread Financial Rewards Amex ($19,150), PNC Cash Rewards ($18,400), PNC Cashbuilder ($18,700) , Citi Double Cash ($9600), Discover It Cash ($9000), Walmart MC ($8000), Bank of America Unlimited Cash Rewards ($7500), Fifth Third Unlimited Cash Back Mastercard ($7500), Wells Fargo Active Cash Sig($7000), Apple Card ($6000), Amex BCE($6000), Amex ED($6600), X1 Card ($5000), PNC Points ($8000), Amex Cash Magnet($2000), Fifth Third Truly Simple ($4000), Truist Spectrum Cash Rewards($4500), Truist Bright Card($4500), CapOne Quicksilver(Bucketed @$1500), US Bank Cash+ ($5,000), US Bank Cash+ ($1,000), WF mortgage 195K Fico 8: EQ 766, TU 763, EX 753, FICO 9:EQ 829, TU 812, EX 791, AAoA-97 months, AoOA-28 years